| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $17M | $10M | 12.6% | 87.8% |
| Op. Income | -$123M | -$177M | -$33M | 30.5% | -270.7% |
| Gross Margin | 1.0% | -2.2% | 26.9% | 3.1pp | -26.0pp |
| Net Margin | -632.8% | -1028.9% | -271.1% | 396.1pp | -361.7pp |
| EPS (Diluted) | $-3.19 | $-6.03 | $-1.60 | 47.1% | -99.4% |
| Free Cash Flow | -$34M | -$54M | -$34M | 36.3% | -0.0% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $186.0K |
| R&D Expenses | $26M |
| Selling & Marketing | $12M |
| General & Administrative | $18M |
| SG&A Expenses | $30M |
| Other Expenses | $67M |
| Operating Expenses | $123M |
| Cost & Expenses | $142M |
| OPERATING INCOME | -$123M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $352.0K |
| INCOME BEFORE TAX | -$123M |
| Income Tax Expense | $50.0K |
| NET INCOME | -$123M |
| D&A | $5M |
| EBIT | -$121M |
| EBITDA | -$116M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$759.0K |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$967.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $392.0K |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $442.0K |
| NET CASH FROM FINANCING | $442.0K |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $133M |
| Net Receivables | $17M |
| Inventory | $28M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $354M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | -$6M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $959M |
| Retained Earnings | -$742M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$230.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $217M |
| Minority Interest | $0 |
| TOTAL EQUITY | $217M |
| TOTAL LIABILITIES & EQUITY | $354M |
| Total Debt | $70M |
| Net Debt | -$21M |
